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Friday, 7 July 2017

(The Edge Financial Daily) Matrix Concepts aiming to launch its first KL project in September

BY TAN AI
LENG

SEREMBAN: Seremban-based Matrix
Concepts Holdings Bhd will be making its debut in the Klang Valley with the
launch of a serviced apartment project that carries an estimated gross
development value of RM300 million in Kuala Lumpur.

The project will be on a one-acre
plot near Putra World Trade Centre (PWTC). The project is planned for launch in September this year.

Its group managing director and CEO
Datuk Lee Tian Hock told TheEdgeProperty.com that the company is preparing the
marketing material for the project launch.

“We bought the land three years ago
and now we feel that the time is ripe to launch the project as we have obtained the relevant approvals.
We also see the property market improving,” Lee said.

“Indicatively, the selling price of
the units will be around RM1,000 psf to RM1,300 psf. If it’s a fully-furnished
unit, the price will be higher,” he added. The project is located at Jalan
Putra, KL, close to PWTC and the Putra Light Rapid Transit (LRT) station.

Lee is confident the project’s strategic
location and proximity to KL city centre will attract buyers and investors.

Meanwhile, for its 5.7-acre land in
Puchong town centre, the company is still in the midst of obtaining approval to increase the plot ratio
of the site. The freehold residential tract is located at Persiaran Wawasan,
Puchong, right opposite Setia Walk and 1km away from the Pusat Bandar Puchong
LRT station.

“This land has great development
potential due to its proximity to Puchong commercial centre and LRT station. Hence, we are seeking a
higher density development for the site,” he explained.

With a higher plot ratio, Lee said
the company could offer more units at more affordable prices.

“We hope to secure the approval by
the end of the year, so we could launch this project early next year,” he added.